Weekly Price Recap: 7/28 – 8/03
Our members had a much higher than usual rate last week and still did not did above the Texas average! Our members paid 11.4 c/kWh, a few ticks below the Texas average of 11.6c/kWh.
We had 3 sustained price spikes across the state this week. All of them were caused by extremely high system-wide demand over 70,000 MW – the all-time record is 73,300 MW. Unfortunately, that high demand also came during times of sporadic wind generation, so as the windmills slowed down, prices jumped up